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Shein Gets It Right with Physical Store Opening in Mexico
- Fast-fashion giant Shein has achieved a remarkable feat by opening a physical store in Mexico, surpassing both Inditex (Zara) and H&M in terms of valuation.
- Amidst the pandemic, Shein experienced substantial growth in market share, capturing an impressive 40% of sales in March 2022.
06/02/2022
This year, the fast fashion giant Shein surpassed in value its business peers Inditex, the owner of Zara, and H&M by reaching a valuation of 100 billion dollars. And while Shein currently ships orders from its online store to more than 150 countries around the world, it is now going strong in physical retail.
According to a Bloomberg Second Measure analysis, the market share of the companies leading the fast fashion industry changed throughout the pandemic, with Shein experiencing the largest market share growth. In March 2022, Shein accounted for 40 percent of sales, compared to 32 percent in March 2021 and 18 percent in March 2020.
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